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Featured photo: Photo of solar plant construction in Rwanda wins Power Africa photo contest

August 31, 2015

The winner of Power Africa’s Photo of the Year contest, this picture shows workers at the start of construction of Gigawatt Global’s 8.5 megawatt solar facility east of Kigali, Rwanda’s capital. The clean power project is East Africa’s first grid-connected, utility-scale solar energy facility and represents a full 6% contribution to the entire country’s power generation capacity. OPIC supported the
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Featured Photo: Innovation supporting rural livelihoods in Tanzania

August 07, 2015

A Power Africa photo contest winner shows a man in Tanzania sewing at night with the aid of a solar light, which is helping to provide additional income generating opportunities for him and his family. The light, made available by d.Light – an African Clean Energy Finance ACEF grant recipient, is empowering rural families in Tanzania by extending their productive
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We’re all in this together: OPIC Impact Awards highlight the power of our partnerships

June 22, 2015

By Judith Pryor Vice President, OPIC Office of External Affairs One of the realities of working for a small agency like OPIC that supports development in more than 100 countries around the world is that it’s difficult to get many of our partners in the same room together to honor the important work they are doing. It is the same
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OPIC’s Impact Awards: A recap in pictures

May 21, 2015

OPIC recognized seven clients for excellence in development at the May 19 Impact Awards, which featured keynote addresses from Ambassador Susan Rice and Myron Brilliant of the U.S. Chamber of Commerce, a new video showcasing OPIC’s work, as well as clients from Sub-Saharan Africa to Latin America who have partnered with OPIC to improve people’s lives. Here’s a look at
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OPIC and solar energy: Bolstering renewable resources in development

April 22, 2014

This year’s Earth Day focus is sustainable cities and how the world’s cities are responding to our climate change challenge. Roughly 5.2 billion people are projected to live in the world’s urban communities by 2050. Developing energy sources, transportation systems and land management will help determine how best to facilitate this global challenge. For more than 40 years, the Overseas
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OPIC board approves six deals in sectors from renewable resources to small business lending

March 20, 2014

OPIC’s Board of Directors approved commitments of OPIC support to the following projects at its March 20 meeting: Risk-sharing agreements to support Citi lending in developing countries. Two risk-sharing agreements designed to provide OPIC guarantee of loans made by Citibank to borrowers in OPIC-eligible countries around the world for both commercial lending and microfinance loans. OPIC’s guarantee limit through the
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Spotlight on OPIC Impact Award winners: SunEdison

March 19, 2014

On a quiet plain in the rural center of South Africa sits a small town called Boshof. It’s far from the bustling cities of Cape Town and Johannesburg, and hundreds of miles from the dramatic, hilly coastline of the Cape of Good Hope. But Boshof, in the country’s underdeveloped Free State, is the site of a major project to generate
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Big visions, greater rewards – a look at the OPIC Impact Awards

March 14, 2014

By Judith Pryor Vice President, Office of External Affairs, Overseas Private Investment Corporation It’s hard to believe that the inaugural OPIC Impact Awards ceremony, which was held Tuesday, March 11, has already come and gone. I couldn’t think of a better way to showcase all that the Overseas Private Investment Corporation embodies than by honoring the outstanding work of several
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Who are the heroes of sustainable development?

March 13, 2014

Our friends at the ONE Campaign joined us in celebrating this week’s OPIC Impact Awards. This post, which originally ran their blog, promotes sustainable development, which comprises an impressive portion of OPIC’s portfolio. In 2013, the Agency supported a record $1.2 billion in renewable energy projects, including in the wind, solar, hydro-power and biomass sectors. Often, creating sustainable development projects
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OPIC’s Impact Awards: A recap in photos

March 12, 2014

OPIC’s March 11 inaugural Impact Awards ceremony was a big success and helped us highlight the ways our clients are making a difference around the world. In this post we showcase the winners. Global Partnerships: Access to Finance Award OPIC loan recipient Global Partnerships, one of the three clients awarded the Access to Finance award, facilitates small microfinance loans in
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